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Group Assignment on Budgeting Concepts

The document outlines instructions for a group assignment on budgeting, requiring students to discuss and answer specific questions related to budget definitions, comparisons between governmental and for-profit budgeting, and various types of budgets. Students must form groups of five, prepare a cover page, ensure clear handwriting, and submit the assignment within a week. Failure to adhere to the guidelines may result in disqualification of the assignment.

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23 views2 pages

Group Assignment on Budgeting Concepts

The document outlines instructions for a group assignment on budgeting, requiring students to discuss and answer specific questions related to budget definitions, comparisons between governmental and for-profit budgeting, and various types of budgets. Students must form groups of five, prepare a cover page, ensure clear handwriting, and submit the assignment within a week. Failure to adhere to the guidelines may result in disqualification of the assignment.

Uploaded by

asfawgugsa
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

GROUP ASSIGNMENT I

Instruction: Read the notes on Budget carefully; individually first and take notes. Then, form
a group of three members and take at least two hours to discuss on each topic. After that, read
the questions given below carefully and discuss on each question thoroughly. Finally, write the
answers for each. Your answers should be hand written.

When you do this group work, consider the following:

 You should prepare a cover page with at least title, names and IDs of members;
 Your hand writing should be eligible and clear; and you should avoid spelling error;
 Your group should have only five members and unless you inform your instructor and
allowed to, you are not allowed to form a group of less or more than five students;
 Your answers should be well-organized and original (not direct copies of the material
provided or copies from other students);
 You should submit your assignment in a week.
 Remember that you will have a presentation by randomly chosen group member.
!!!!! NB: Failure to follow instruction results in disqualification of your assignment. !!!!!

1. Define Budget and Budgeting.

2. Compare and contrast Governmental Organizations’ Budgeting and For-Profit


Organizations’ Budgeting.

3. Explain the uses of budget with respect to Governmental Organizations and For-
Profit Organizations.

4. Distinguish between Capital and Current Budgets.

5. Distinguish between Tentative and Enacted Budgets.

6. Distinguish between General and Special Budgets.

7. Distinguish between Fixed and Flexible Budgets.

8. Distinguish between Executive and Legislative Budgets.

9. Differentiate in detail the Modern Approach to Budgeting and the Traditional


Approach to Budgeting.

10. Discuss the nature, and the merits and demerits of Performance Budgeting,
Planning-Programming Budgeting, and Zero-Base Budgeting.

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